Now that you've gained some experience and success as an aquaponics hobbyist, perhaps it's time to consider a commercial endeavor. Before you invest your life savings, consider the fact that most commercial aquaponics start-ups fail within the first year due to a lack of planning.
Proper research, recognizing the importance of developing a realistic business plan, and understanding the cost and time required for a successful aquaponics operation are some of the most important factors to consider.
The U.S. Environmental Protection Agency's Aquaponics Business Plan User Guide provides essential insights for anyone interested in commercial aquaponics. The guide includes several sections including, Organization and Management, Marketing Strategy, Operating Strategy, Financial Strategy, and a section of worksheets.
Here's an overview of each section included in the guide:
• Organization and Management – describes the ownership structure of the business and how
the business will be organized and managed. Worksheets and text are original to the Urban
Farm Business Plan Handbook.
• Marketing Strategy – identifies the products to be produced, provides an analysis of the market
for the products and the potential competition for the products, and describes the approach for
packaging, distributing, and promoting the product. Worksheets and text are original to the
Urban Farm Business Plan Handbook.
• Operating Strategy – describes the approach for product management, farm size and capacity,
physical and human resources, regulatory requirements. The worksheets were updated to
recognize the differences in production systems between cultivated agriculture and aquaponics.
• Financial Strategy – Provides estimates of income and expense, anticipated profit and loss, fixed
asset requirements, potential sources of funds, and potential risks to the success of the
business. Worksheets and text are original to the Urban Farm Business Plan Handbook.
Worksheets included in the guide cover almost 30 subject areas including market analysis, distribution, competition, harvesting schedules.
Commercial aquaponics production and profitability: Findings from an international survey
The first peer-reviewed, published survey of commercial aquaponics operations, a niche field of aquaculture
Economics of Aquaponics
Aquaculture: Southern Region Resources in Aquaponics, Alternative Fish Farming, and Aquatic Products
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